Avon's deal with investors avoids proxy fight

Avon Products Inc. has settled a skirmish with activist investors that will enable the embattled beauty-products company to sidestep a proxy fight.

The deal allows Barington Capital Group LP and NuOrion Partners AG to appoint a new independent director for the company’s board.

Avon also announced the appointment of former FedEx Corp. executive Cathy Ross to its board, a move the investors approved.

Read more from The Wall Street Journal.